We provide new evidence on the relationship between consumption expenditure and key drivers namely, income and wealth …

This paper looks at the evolution of consumption theory over time and critically examines the widely accepted permanent … income / life cycle hypotheses concerning consumer behaviour in terms of the empirical evidence. Attention is also devoted to … the role of time horizon, time preference and capital market imperfections in determining the consumption / savings split …

, focus on a single indicator of well-being, like income, overlooks other indicators such as the wealth held by the household … increased economic well-being of farm families. This report shows that changes in income for the farm sector or for any … particular group of farm businesses do not necessarily reflect changes confronting farm households. Farm households draw income …

countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …

trend relationship among consumption, aggregate wealth, and labour income, cay, and three major sources of risk: future … changes in the housing consumption share, cr, future labour income growth, lr, and future consumption growth, lrc. Using a VAR …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the …

discussion with some thoughts on the way forward. [Speech at the Conference of Indian Association for Research in National Income … and Wealth (IARNIW)]. …

Part I of this chapter briefly reviews the arguments for using consumption rather than income as a measure of living … standards and for using it to measure poverty and inequality. It goes on to discuss the principal uses to which consumption data … other important policy issues that can be illuminated using consumption data. Thereafter, Part I reviews some of the …